California Economy Update

April 2012 report on the state of the California economy, its regions and sectors from the Center for Continuing Study of the California
Economy.

"The findings illustrate that there is no single California economy but, rather, what we call the California economy is best understood as a collection of industries and regions. Industry structure explains why California performed poorly in the recession but also why the state has a strong economic base that can be the foundation for competitiveness and future prosperity for residents.

The performance of key sectors including construction, technology, foreign trade, agriculture and tourism explains the job trends and future prospects and challenges for the state’s many and diverse regions and California still leads in applying creativity and innovation to the development of new goods and services."